#219: How To Trade Forex In Less Than 1 Hour Per Day

Podcast: How To Trade Forex In Less Than 1 Hour Per Day In this weekly video: 00:29 – Trade full time by spending less than 1 hour at your charts per day 00:42 - I’m coming to America in June to teach Forex 00:57 – Most people spend too long watching charts 01:40 – The less time you watch your charts, the better you will trade 03:10 – Trading 12, 6 and 4 hour charts 05:07 – 1 hour per day cover all charts 05:44 – I’ll be in America in June – live trading events in North Carolina and Washington DC 06:22 – Live webinars for US traders in April – the link is below the video Would you like to know how to become a full time forex trader by spending less than one hour trading per day? If you would, listen up. I've got some great news for you. Hi, Forex trader. Andrew Mitchem here, The Forex Trading Coach, and this is video and podcast #219. I've got two great bits of information to share with you today. Trade full time by spending less than 1 hour at your charts per day Number one I'd like to share with you how you can trade as a full time forex trader by spending one hour or less looking at your charts per day. I'm sure you'd like to know that. Number two, I'd like to share with you some great news. I’m coming to America in June to teach Forex I am coming to America, so if you are in America or maybe in Canada I'd love to come and meet you. I will be in America in the first two weeks of June in North Carolina and Washington, DC so more about that at the end of this video and podcast. Most people spend too long watching charts Let's start with the trading itself. Would you like to know how to trade full time in one hour or less per day? The problem is that so many people think that to become a full time forex trader they need to give up their job, they need to just stare at charts all day, they need to have CNN going, they need to have screens all over the place, and you don't. The problem is that most people also think that in order to become a full time forex trader you need to be looking at price movements throughout the day. You need to be scalping, looking for news events. You need to be there watching your charts all day long. It's a big misconception because I can promise you that is not what you need to do in order to become a full time trader. The less time you watch your charts, the better you will trade In fact, the less you look at your charts once you understand how to trade the more you will make, the more profitable you'll be, the more you'll enjoy your trading and the more realistic it will be because you can keep continuing to do what it is you enjoy to do while you are trading. So let me explain. Because I only look at the close of a chart, close of a candle, before I make any decision on what I'm doing, it's really easy because you can plan your day around the charts. Now, if I'm trading on the weekly charts, I look at my charts just once a week at the beginning of the week when the market opens. It takes me 10 minutes per week to go through the weekly charts. Each day I look at the daily charts at the close of the daily candle at 5pm Eastern Standard Time. That's New York time. You can go to your charts, have a look at the daily candle when it's closed, and you can then make an analysis of what you're looking at doing. If you understand technical trading and the way that I trade it's very, very easy within under 10 minutes per day to go through 20 to 30 different currency pairs depending on how many you want to look at and make an analysis. Are there any trade setups here? Yes or no? If there are, take them. Very easy to understand where to put your entries, your stop losses, your profit target, et cetera,